Wedding the Southbound and “5+2” Innovation Programs

In addition to the New Southbound Policy, one of the central initiatives of the Tsai Ing-wen administration has been the “5+2 Innovative Industry” program focusing on cutting edge industrial sectors. The goal of forging links between those two policies was assigned to the Ministry of Economic Affairs as one of the five flagship projects under the New Southbound Policy.

MOEA selected India, Indonesia, Malaysia, the Philippines, Vietnam, and Thailand as the main counterparts for industrial cooperation. It has also outlined the following objectives:

Don Shapiro is Editor-in-Chief of Taiwan Business TOPICS and Senior Director of the AmCham Taipei. Before joining the AmCham staff in 2002, he was president of the Trade Winds publishing company and Taiwan correspondent for Time Inc.

Taiwan Business TOPICS

Taiwan Business TOPICS is published monthly by the American Chamber of Commerce in Taipei, and covers current topic affecting business conditions in Taiwan, an Industry Focus section on a particular industrial sector, and other reports prepared by the magazine’s staff of experienced professional journalists.